Merchant Account Referral Program

Earn $100.00 for every business that you refer to our company when they sign up to process with Us.

Refer Now

Free Case of Receipt Paper

Receive a Free Case of Credit Card Receipt paper when you submit an existing merchant statement for a saving analysis.

Contact Us

Featured Solutions

View our featured products and special offers.

View Details

Merchant Service

Glossary - M

Merchant Services Terms Glossary

These terms occur frequently in both the merchant services industry and on our website.

A B C D E F G H I J K l M N O P Q R S T U V W X Y Z


Glossary Terms

Magnetic Stripe

A stripe of magnetic material affixed to the back of a Card that contains Cardholder account information.

Magnetic Stripe Reader (MSR)

A device which reads the encoded magnetic stripe information from the bankcard as it is swiped through the unit.


See Merchant Category Code

Merchant Service Provider (MSP)

See Independent Service Organization (ISO)


A company that has been approved by any acquirer to accept Visa® and MasterCard® cards as payment for products and services.

Merchant Classification Code (MCC)

A category code that identifies the merchant by type of business as well as processing, authorization and settlement method.

Merchant Identification Number (MID)

A unique account number supplied by your member service provider that identifies the merchant.

Merchant Processing Agreement (MPA)

The written agreement between merchant and acquirer that details their rates, rights and regulations in the contract.

Monthly Minimum Fee

A minimum amount that your member service provider may require you to generate each month. If your monthly credit card processing fees are less than the minimum, then you are assessed the difference.


See Merchant Identification Number


See Merchant Processing Agreement


See Member Service Provider


See Magnetic Stripe Reader

Start Saving Today!

  • Hidden
  • This field is for validation purposes and should be left unchanged.